Iron Mountain's most recent trend suggests a bullish bias. One trading opportunity on Iron Mountain is a Bull Put Spread using a strike $42.50 short put and a strike $37.50 long put offers a potential 13.64% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.50 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $37.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Iron Mountain is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Iron Mountain is bullish.
The RSI indicator is at 59.79 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Iron Mountain
Iron Mountain (NYSE:IRM) Shareholders Booked A 69% Gain In The Last Year
Thu, 27 May 2021 09:40:36 +0000
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Here's Why You Should Retain Iron Mountain (IRM) Stock for Now
Tue, 18 May 2021 16:33:04 +0000
While capital-recycling efforts to fund strategic growth pursuits bode well for Iron Mountain (IRM), low service activity level remains a hurdle for organic service revenues.
Iron Mountain (IRM) to Sell IPM Business to NCC Group for $220M
Mon, 17 May 2021 16:23:04 +0000
Iron Mountain's (IRM) gross sales proceeds of $220 million from the sale of IPM business to NCC Group offers a capital source to fund growth opportunities.
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